The main problem for me being 22 is that if i want a newer bike (say '03 and up) is that you have to have full insurance on a financed bike. Well that coverage will rape me, and probably cost more than the bike payment every month.

A way around this I have heard, is to take out a personal loan for the amount, that way there's not lien on the title, allowing you to get whatever coverage you want.

Just something to think about.